Aspiring Financial Services

29/07/2022

Types of Mortgage - which home loan suits you best?

Not all mortgages are the same. Table, interest-only, offset, revolving, fixed or variable. What does it all mean? Learn about which home loan would suit you best.

16/07/2022

House deposit sources - a new blog

Where to get your house deposit from and how it will affect your home loan.

10/07/2022

NZ property prices have tripled in value since 2003

Here's a link to an interesting article from Core Logic that shows how property values have risen over the last 20 years. When you look at the data, recent price reductions are relatively small compared to long-term increases in value.

If you're looking to buy, or have recently bought, this may not provide much comfort but it does show a historical context of where we are currently and how a correction in values is probably due.

Since December 2003 (i.e. almost 20 years ago), the national average property value has risen from $263,562 to $1,027,121 – an increase of $763,559, or a cumulative 290%. That represents an annual average increase per year of around 7.5%.

17/06/2022

Riding out the KiwiSaver storm - as investments tumble what should you do?

Investments are taking a hit in 2022 and how this affects KiwiSaver funds.

15/06/2022

Make sure you've paid $1,042.86 into your KiwiSaver this year before 30th June.

If you have, then you should qualify for $521.43 of the FREE government contribution. It's an immediate return on your investment, paid straight into your KiwiSaver.

Get in touch if you need any help.

10/06/2022

Well this looks like fun.

Stay safe and warm, and have a good weekend Central Otago.

09/06/2022

Some clarification on the CCCFA rules that came into effect last year on what's required of lenders when assessing home loan applications.

Whilst they probably won't have a huge effect on the overall market, they should help make the process of applying for a mortgage loan a little less cumbersome.

Amendments to the troubled credit rule changes last year will come into force on July 7

25/05/2022

New blog - Help for first home buyers - do you qualify for help with buying your first home?

Changes to eligibility for First Home Loan and First Home Grant were recently announced. Could you now qualify for help with buying your first home?

19/05/2022

Some help for first home buyers in today's Budget.

Caps for the First Home Grant have been raised significantly to more realistic levels in the current housing market.

For the First Home Loan, caps have been eliminated altogether.

Budget allows for an extra 7000 First Home Grants and 2000 extra First Home Loans every year

17/05/2022

Economists at Westpac NZ say RBNZ inflation targeting facing the biggest challenge in its 30+ year history